Eng. Nadi Naguib, Secretary General of the Gold Division at the Cairo Chamber of Commerce, answered a question, “Will the price of a gram of gold drop to 1,000 pounds?”
The Secretary-General of the Gold Division at the Cairo Chamber of Commerce confirmed that the drop in gold to 1,000 pounds is very difficult, and this is unlikely, because gold is a global and not a local commodity that might decrease in this way.
He added, in televised statements, that gold is a commodity that is affected by global events, and that the stock market was affected, whether by its rise or fall.
He pointed out that the global price of gold reached 1914 dollars per ounce, and this has an impact on gold prices in general.
